Montenegro Debt Service
Total debt service as % of exports DT.TDS.DECT.EX.ZS
Montenegro's debt service was 16.26% in 2025, ranked 36th globally. This represents a 45.4% decrease from 2024. Data from World Bank, covering 2007–2025.
Overview
Montenegro's debt service stood at 16.26% in 2025, a decline of +13.54% from 2024. Based on recent trends, this figure is projected to reach 16.26% by 2025. Montenegro ranked 36th globally.
Montenegro’s debt‑service burden has risen sharply since the early 2000s, climbing from 9.78 % of exports in 2007 to an all‑time peak of 45.10 % in 2020, before easing to 16.26 % in 2025, a level that places the country 36th globally. The trough of 3.42 % recorded in 2008 reflects the post‑global‑financial‑crisis environment when external financing costs were low, but the subsequent surge coincided with heightened borrowing to fund infrastructure and pandemic‑related fiscal stimulus. Over the 19‑year coverage span, the upward trajectory has been punctuated by volatility, yet the 2025 figure remains close to peers such as Serbia (16.42 %) and Lao PDR (16.19 %), suggesting that Montenegro’s current position aligns with other emerging economies facing similar external debt pressures. If fiscal consolidation measures and a return to stronger export growth persist, the debt‑service ratio is likely to continue its gradual decline, improving sustainability and reducing vulnerability to external shocks.
Data & projection
| Year | Debt Service | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 6.40% | - | - |
| 2026* trend | 11.33% | - | - |
| 2025* trend | 16.26% | - | - |
| 2025 | 16.26% | −13.54% | #36 |
| 2024 | 29.80% | +10.67% | #94 |
| 2023 | 19.14% | −4.26% | #84 |
| 2022 | 23.39% | −14.46% | #100 |
| 2021 | 37.85% | −7.26% | #107 |
| 2020 | 45.10% | +19.49% | #108 |
| 2019 | 25.62% | −7.12% | #92 |
| 2018 | 32.73% | +14.67% | #102 |
| 2017 | 18.06% | −19.77% | #86 |
| 2016 | 37.83% | −2.30% | #110 |
| 2015 | 40.14% | +8.66% | #111 |
| 2014 | 31.48% | +11.53% | #105 |
| 2013 | 19.95% | +3.62% | #96 |
| 2012 | 16.33% | +4.06% | #92 |
| 2011 | 12.27% | +6.72% | #80 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw debt service improve within 24 months. View full analysis →
Frequently Asked Questions
Montenegro's debt service was 16.26% in 2025. Ranked 36th globally. This represents a 45.4% decrease from the previous year.
Montenegro's debt service peaked at 45.10% in 2020.
The lowest debt service in Montenegro was 3.42% in 2008.
Montenegro ranks 36th globally in debt service as of 2025.
The World Bank indicator code is DT.TDS.DECT.EX.ZS. Data sourced from World Bank.
Montenegro's debt service is projected to reach 16.26% by 2025 based on trend extrapolation.
The debt service of Montenegro in 2025 was 16.26%. This ranks 36th in the world.
Cite this page
@misc{historysaid_montenegro_debt-service,
title = {Montenegro Debt Service},
url = {https://historysaid.com/montenegro/debt-service/},
publisher = {HistorySaid},
year = {2026}
}